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Feedback Loops and Their Impact on the Customer Experience

InMoment XI

An organization can act on these insights by fixing the existing product or service, and then making sure similar issues don’t appear in the future. As an example, let’s imagine the same financial services firm from earlier experiences a prolonged period of poor customer service due to understaffing or inadequate training.

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Understanding Negative NPS Score: Causes, Impact and Solutions

Lumoa

You’ve designed your NPS survey and emailed it to all your customers—and the results are in… but not those you were expecting. When it comes to gauging customer sentiment and loyalty, few metrics enjoy such widespread acclaim as the Net Promoter Score (NPS). Does it spell doom for your business?

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Customer Service VS. Customer Experience: What is the Difference

Lumoa

Make no mistake: providing great customer service is vital. Seven out of ten consumers say they’ve spent more money to do business with a company that provides great service, with millennials being the most willing to spend extra. Customer service is triggered when a customer develops an unmet need.

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Best Practices for Meeting (and Exceeding) Customer Needs

Stella Connect

For in-depth insights on this topic, we at Stella Connect by Medallia commissioned a research study of more than 2,100 consumers to get a better understanding of the evolving customer service and customer experience landscape to determine the best practices for meeting and exceeding customer needs.

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What Customer Service Leaders Should be Prioritizing in 2022

Stella Connect

With this in mind, Stella Connect by Medallia commissioned a research study of more than 2,100 consumers in the US and UK to get the latest on how customers have evolved their expectations for service. 6 Key Customer Service Priorities for 2022. #1: 1: Measuring Real-Time Customer Experience.

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Customer retention in the telecom industry – new thinking

TechSee

With the telecommunications industry at saturation point, and with services largely commoditized, providers suffer from exceptionally high rates of churn. Accenture reports that 77% of consumers are no longer loyal to any particular brand, telcos must work harder than ever to retain their customer bases.

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Reduce Customer Churn with the Voice of the Customer (VoC)

Thematic

A focus on customer acquisition often overshadows the vital task of retention. A shocking 66% of consumers end relationships with companies due to poor customer service. This highlights a disconnect: Customers crave positive experiences, yet businesses sometimes must listen proactively. The consequence?